Benefits and the Total Compensation Package

Remember that the total package does not only consist of salary, commissions, and bonuses. The benefits that your company offers can greatly enhance (or reduce) the total value of your comp plan. In fact, in many ways they all have a financial component to them. While you do not directly take advantage of all of them, those that the company does offer are costing the company money to service and administer. Some of the benefits companies make available are:

Health Insurance. Medical, dental, eye care (typically at some cost to the employee).

Life Insurance/Disability Insurance.

401(k) plan. Some companies will match up to a certain percentage of what you contribute.

Stock Options.

Vacation Pay/Sick Pay ...

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